MoneyGram And Walmart Launch New Walmart2Walmart Mexico Product

(RTTNews) - MoneyGram (MGI) announced a new cross border money transfer product for Walmart customers sending from any U.S. Walmart location to any Walmart Mexico location.

Walmart2Walmart Mexico powered by MoneyGram is a new service that offers customers a $6.50 transfer fee when sending between $51 to $800. Customers can send money from over 4,500 Walmart locations in the U.S. to more than 1,250 Walmart locations in Mexico; including all Bodega Aurrera, Mi Bodega Aurrera, and Superama locations.

Separately, with the recent expansion of Walmart's white-label U.S.-to-U.S. funds transfer product into higher transaction bands, MoneyGram is adjusting its money transfer pricing structure in these bands for U.S.-to-U.S. transactions originated at Walmart. The new pricing structure provides customers with a flat fee for all transfers between $900 and $2,500.